Question # 1

Because of low Reserve Ratio the credit creation power.

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Increases

Decreases

Constant

Zero

The features of debit card, credit card and ATM card.

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magnetic strip

Specific number

electronic ship

All of these

Which of the following is used to finance the people who want to travel abroad

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Traveller's letter of credit

Traveller's cheque

Circular note

All the above

Which of the following rate keeps the balance of payments in equilibrium

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Discount rate

Interest rate

Exchange rate

Market rate

Crossing of cheque is cancelled by

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Drawer

Drawee

Holder

All of the above

The instruments which are used in foreign receipts and payments called.

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Letter of credit

Foreign debts

Foreign exchange

None of these

The bill of exchange who's tenor is less than three month is.

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Long bill of exchange

Foreign bill of exchange

Short bill of exchange

Sight bill of exchange

Main parties of promissory note are

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One

Two

Three

Four

Pass Book is nto issued in.

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Saving Account

Fixed Deposit Account

BBA Account

Current Account

The bank that makes payment to the exporter after receiving L.C. is called.

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Advising bank

Informatory bank

Paying bank

All of these

Which of the following is not use to E-Banking .

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ATM card

Credit card

Cheque

Debit cards

Bill which is drawn without any trade transcation

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Sight bill

Time bill

Trade bill

Accommodation bill

Documents required to conert non scheduled bank into scheduled bank.

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Memorandum of Association

Articles of Association

Audited Annual Report

All the above

Why does a bank grant loans to businessmen

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To purchase raw material

To pay wages

To pay development expenditures

All the above

Margin means the difference between amount of loan and.

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Value of overdraft

Market value

Value of security

None of these

The term foreign exchange includes

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Bank draft

Letter of credit

Foreign B/E

All the above

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Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers

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